Arun Jaitley's maiden budget aims for higher economic growth, provides tax breather

2019-03-01 0

Finance minister Arun Jaitley's maiden Budget on Thursday put more money in the hands of salaried employees, made aspirational goods cheaper for the poor and set up a fund to counter spikes in food prices.The economic document, which had a strong imprint of PM Narendra Modi, lifted stock markets briefly, indicating that it had achieved the difficult task of not disappointing extremely bullish investors.But Jaitley's first crack at mending the country's economy was bereft of grand gestures and focused instead on setting the tone for a five-year long haul that could be punctuated with short-term shocks.

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